Dear zog
I am also a Buffett fan and appreciate he doesn’t like the commodity stocks
that said, I wonder how he would go about valuing a gold company
- which is debt free
- owns a $180 million plant (replacement value)
- now has a quality, experienced leadership team
- cash at bank (~$30 million)
- years of future tax losses
- guidance (FY24 - which is this current year) to earn ~ $50 million (70,000 ounces x $2300 AISC)
- guidance (FY25 - which is next financial year) to earn $125 million (100,000 ounces x $1750 AISC)
- FY26 further growth delivered through additional underground (ounces potentially up 50% if second underground developed)
Warren would look at risk of execution (tick)
Warren would discount and model future cashflows
I suspect Warren would then want to discuss with management the future potential of hedging some future revenues, dividends, share buy backs etc
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $743.7M |
Open | High | Low | Value | Volume |
40.5¢ | 41.0¢ | 40.0¢ | $496.0K | 1.237M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 73932 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 63545 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 73932 | 0.395 |
8 | 62954 | 0.390 |
8 | 176654 | 0.385 |
11 | 334443 | 0.380 |
3 | 61500 | 0.375 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 49678 | 10 |
0.405 | 88145 | 14 |
0.410 | 41715 | 7 |
0.415 | 108271 | 7 |
0.420 | 34590 | 7 |
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